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ADI completes transfer of IP from TTPCOM

Posted: 21 Jun 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Analog Devices? TTPCom? modem software? acquisition of IP?

Analog Devices Inc. (ADI) announced that all closing conditions were met with respect to its agreement to acquire certain intellectual property (IP) assets of TTPCom Ltd and the transaction closed on June 16, 2006.

Under the terms of the agreement, TTPCom transferred to ADI IP, engineering resources, and related assets associated with the support and customization of TTPCom's GSM/GPRS/EDGE modem software for use on the company's existing and future generations of SoftFone baseband processors. The agreement also provides to ADI's development rights for AJAR, TTPCom's advanced applications platform.

As a result of this transaction, ADI becomes the single point of contact for both hardware and software support for its new and existing wireless handset customers, thus improving the company's abilities to service individual customer's needs. The IP transfer is valued at approximately $23 million.

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